Common use of Right of First Refusal Clause in Contracts

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)

Right of First Refusal. If Notwithstanding Section 8.1, a Member desires to sell, may transfer or otherwise dispose of all or any part of their the Member's interest in the Company, such Member Company (the “Selling Member”"Interest") shall as follows: 8.2.1 The Member desiring to transfer his or her Interest first offer must provide written notice (the "Notice") to the other Members, specifying the price and terms on which the Member is prepared to sell the Interest (the "Offer"). 8.2.2 For a period of 30 days after receipt of the Notice, the Members may acquire all, but not less than all, of the Interest at the price and under the terms specified in the Offer. If the other Members desiring to acquire the Interest cannot agree among themselves on the allocation of the Interest among them, the allocation will be proportional to the Ownership Interests of those Members desiring to acquire the Interest. 8.2.3 Closing of the sale of the Interest will occur as stated in the Offer; provided, however, that the closing will not be less than 45 days after expiration of the 30- day notice period. 8.2.4 If the other Members fail or refuse to notify the transferring Member of their desire to acquire all of the Interest proposed to be transferred within the 30-day period following receipt of the Notice, then the Members will be deemed to have waived their right to acquire the Interest on the terms described in the Offer, and the transferring Member may sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance Interest consistent with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest Offer to any other person or entity entity; provided, however, that notwithstanding anything in Section 8.2 to the contrary, should the sale to a third person be at a purchase price which or on terms that are more favorable to the purchaser than stated in the Offer, then the transferring Member must reoffer the sale of the Interest to the remaining Members at that other price or other terms; provided, further, that if the sale to a third person is not less than closed within six months after the purchase price prescribed in expiration of the offer 30-day period describe above, then the provisions of Section 8.2 will again apply to the Interest proposed to be sold or conveyed. 8.2.5 Notwithstanding the foregoing provisions of Section 8.2, should the sole remaining Member be entitled to and upon elect to acquire all the terms and conditions which are substantially Interests of the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Members of the Company shall only entitle such person in accordance with the provisions of Section 8.2, the acquiring Member may assign the right to acquire the Interests to a spouse, lineal descendent, or an affiliated entity if the assignment is reasonably believed to be necessary to continue the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to existence of the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)limited liability company.

Right of First Refusal. If Notwithstanding Section 8.1, a Member desires to sell, may transfer or otherwise dispose of all or any part of their the Member's interest in the Company, such Member Company (the “Selling Member”"Interest") shall as follows: 8.2.1 The Member desiring to transfer his or her Interest first offer must provide written notice (the "Notice") to the other Members, specifying the price and terms on which the Member is prepared to sell the Interest (the "Offer"). 8.2.2 For a period of 30 days after receipt of the Notice, the Members may acquire all, but not less than all, of the Interest at the price and under the terms specified in the Offer. If the other Members desiring to acquire the Interest cannot agree among themselves on the allocation of the Interest among them, the allocation will be proportional to the Ownership Interests of those Members desiring to acquire the Interest. 8.2.3 Closing of the sale of the Interest will occur as stated in the Offer; provided, however, that the closing will not be less than 45 days after expiration of the 30-day notice period. 8.2.4 If the other Members fail or refuse to notify the transferring Member of their desire to acquire all of the Interest proposed to be transferred within the 30-day period following receipt of the Notice, then the Members will be deemed to have waived their right to acquire the Interest on the terms described in the Offer, and the transferring Member may sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance Interest consistent with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest Offer to any other person or entity entity; provided, however, that notwithstanding anything in Section 8.2 to the contrary, should the sale to a third person be at a purchase price which or on terms that are more favorable to the purchaser than stated in the Offer, then the transferring Member must reoffer the sale of the Interest to the remaining Members at that other price or other terms; provided, further, that if the sale to a third person is not less than closed within six months after the purchase price prescribed in expiration of the offer 30-day period describe above, then the provisions of Section 8.2 will again apply to the Interest proposed to be sold or conveyed. 8.2.5 Notwithstanding the foregoing provisions of Section 8.2, should the sole remaining Member be entitled to and upon elect to acquire all the terms and conditions which are substantially Interests of the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Members of the Company shall only entitle such person in accordance with the provisions of Section 8.2, the acquiring Member may assign the right to acquire the Interests to a spouse, lineal descendent, or an affiliated entity if the assignment is reasonably believed to be necessary to continue the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to existence of the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)limited liability company.

Right of First Refusal. (Applies ONLY if Multi-Member): If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “"Selling Member”") shall first offer to sell and convey such interest to the other Members Member(s) before selling, transferring transferring, or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty (60) days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen (15) days after the delivery of said offer offer, the other Members Member(s) shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen (15) days conclusively shall be deemed a rejection of the offer. Any or all of the other Members Member(s) may elect to accept the offer, and if more than one of the other Members Member(s) elects to accept the offer, the interest being sold and the purchase price therefore price, therefore, shall be allocated among the Members Member(s) so accepting the offer in proportion to their Members’ ' Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members Member(s) elect to accept the offer, then the closing of title shall be held in accordance with the offer offer, and the Selling Member shall deliver to the other Members Member(s) who have accepted the offer an assignment of the interest being sold by the Selling Member, Member(s) and said other Members Member(s) shall pay the purchase price prescribed in the offer. If no other Member Member(s) accepts the offer, or if the Members Member(s) who have accepted such offer default in their obligations to purchase the interest, then the Selling Member Member(s) within 120 one-hundred and twenty (120) days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Member(s) of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member Member(s) in accordance with this Agreement. If the Selling Member Member(s) does not sell such interest within said 120 one-hundred and twenty (120) days, then the Selling Member Member(s) may not thereafter sell such interest without again offering such interest to the other Members Member(s) in accordance with this Agreement. (Check if Applicable).

Right of First Refusal. If Notwithstanding Section 8.1, a Member desires to sell, may transfer or otherwise dispose of all or any part of their the Member's interest in the Company, such Member Company (the “Selling Member”"Interest") shall as follows: The Member desiring to transfer their Interest first offer must provide written notice (the "Notice") to the other Members, specifying the price and terms on which the Member is prepared to sell the Interest (the "Offer"). For a period of 30 days after receipt of the Notice, the Members may acquire all, but not less than all, of the Interest at the price and under the terms specified in the Offer. If the other Members desiring to acquire the Interest cannot agree among themselves on the allocation of the Interest among them, the allocation will be proportional to the Ownership Interests of those Members desiring to acquire the Interest. Closing of the sale of the Interest will occur as stated in the Offer; provided, however, that the closing will not be less than 45 days after expiration of the 30-day notice period. If the other Members fail or refuse to notify the transferring Member of their desire to acquire all of the Interest proposed to be transferred within the 30-day period following receipt of the Notice, then the Members will be deemed to have waived their right to acquire the Interest on the terms described in the Offer, and the transferring Member may sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance Interest consistent with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest Offer to any other person or entity entity; provided, however, that notwithstanding anything in Section 8.2 to the contrary, should the sale to a third person be at a purchase price which or on terms that are more favorable to the purchaser than stated in the Offer, then the transferring Member must reoffer the sale of the Interest to the remaining Members at that other price or other terms; provided, further, that if the sale to a third person is not less than closed within 6 months after the purchase price prescribed in expiration of the offer 30-day period describe above, then the provisions of Section 8.2 will again apply to the Interest proposed to be sold or conveyed. Notwithstanding the foregoing provisions of Section 8.2, should the sole remaining Member be entitled to and upon elect to acquire all the terms and conditions which are substantially Interests of the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Members of the Company shall only entitle such person in accordance with the provisions of Section 8.2, the acquiring Member may assign the right to acquire the Interests to a spouse, lineal descendent, or an affiliated entity if the assignment is reasonably believed to be necessary to continue the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to existence of the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)limited liability company.

Right of First Refusal. If a Member Except for transfers described in Section 6.4, if any Person desires to sell, transfer any or otherwise dispose all of all or any part of their the interest in the CompanyPartnership owned by him, or if any such Member interest becomes subject to an involuntary transfer such Person (the “Selling Member”"Transferor") shall first offer to sell will so notify the Partnership and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entityPartners in writing (the "Other Partners"). Such offer shall be in writing, shall be given to every other Member, and shall The notice will set forth the interest to name and address of the proposed transferee, who, in the case of a sale, must be sold, the purchase price to be paida bona fide prospective purchaser, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer)proposed transfer, the location at which proposed transfer price (in terms of a dollar amount) and the closing is to take place, and all other material terms and conditions of the sale, transfer or other dispositionproposed transfer. Within fifteen For a period of 60 days after receipt of such notice, the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any Partnership may purchase some or all of the other Members may offered interest by giving written notice to the Transferor. If the Partnership does not elect to accept purchase the offerentire interest, it shall notify the Other Partners of the portion of the interest it did not elect to purchase, and if more the Other Partners shall have 45 days after expiration of such 60-day period to purchase all, but not less than one all, of the other Members elects interest that the Partnership did not elect to accept purchase. Such purchase by the offerOther Partners will be in proportion to the ownership interest in the Partnership owned by such Other Partners (omitting, for purposes of such calculation, the ownership interest being sold and owned by the Transferor) unless they agree otherwise. If any of the Other Partners declines to purchase price therefore shall be allocated among his proportion of such interest, the Members so accepting the offer remaining Other Partners may purchase such interest in proportion to their Members’ Percentage Interests, unless they otherwise agree interests in writing. If any the Partnership (counting for this purpose only the interests in the Partnership of the Other Partners who wish to purchase some or all of the other Members elect interest to accept be transferred). If all of the offerremaining interest proposed to be transferred is not agreed to be purchased by the Other Partners, then the closing of title shall be held Transferor may transfer the remaining interest to the assignee. Any transfer must completed in accordance with the offer and terms of the Selling Member shall deliver notice given to the Partnership. In addition, Persons to whom any interest is transferred must, as a condition to such transfer, enter into an agreement with the parties hereto (or all parties except the transferor) setting forth restrictions on transfer and other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity provisions for repurchase identical to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with limitations imposed by this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable).

Right of First Refusal. If (Applies ONLY if Multi-Member): If, for any reason, a Member desires of the Company wishes to sell, transfer sell or otherwise dispose of all or any part of their interest in the Company, such in part or in whole, the Member (referred to as the “Selling Member”) shall first is required to offer to sell sell, transfer, or otherwise convey the interest in the Company, the Selling Member must first communicate the wish to dispose of their interest and convey such interest make an offer to the other Members of the company before selling, transferring selling or otherwise disposing of such their interest to any other person, corporation or other entitya third party. Such The offer shall made by the Selling Member is required to be in writing, shall writing and will be given presented to every other Member, and Member of the Company. The written offer shall set forth include: a. The interest that the interest to be sold, Selling Member is disposing of b. The price that the purchase price Selling Member wishes to be paid, c. The closing date of the date on transaction which the closing is to take place (which date shall cannot be not less than thirty nor days or more than sixty days after the delivery of offer has been presented to the offer), the location at which the Member d. The place closing is to will take place, and all e. Any other material relevant terms and conditions related to the sale or disposal of the saleinterest The other Members that received the offer from the Selling Member must reply within fifteen days, transfer through a written notice, to either accept, counteroffer, or other dispositionreject the offer of the Selling Member. Within fifteen days after the delivery of said offer If the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice do not reply within said fifteen days conclusively shall then the offer will be deemed a rejection of the offerconsidered to be rejected. Any or all of the other Members may elect to accept the offer, and if If more than one of the other Members elects to accept Member accepts the offer, the interest being that is to be sold and the purchase price therefore shall of the interest will be allocated shared among the Members so accepting the offer in proportion to their Members’ Percentage Interestspercentage interests, unless they otherwise agree a different arrangement is agreed to in writing. If any or all of the other Members elect to accept the offer, offer presented by the Selling Member then the title closing of title shall will be held in accordance with the offer and presented by the Selling Member. The Selling Member will deliver an assignment for the interest being sold to the Members that accepted the offer. At that time, the Members that accepted the offer will pay the purchase price as outlined in the offer of the Selling Member. If the other Members decide not to accept the offer or the Members that did accept are unable to meet their obligations as stipulated in the offer, the Selling Member shall deliver may sell the interest to a third party at a price not less than the offer presented to the other Members who have accepted and at terms and conditions that are the offer an assignment same or similar to the terms offered to the other Members of the Company as long as the other terms of this Agreement which apply to the sale are adhered to. This process must be completed within one hundred and twenty days. Assigning the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then of the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member third party in this manner only entitles the third party to the distributions and allocations of the Company shall only entitle such person or entity that the interest so assigned is entitled to unless the allocations and distributions to which the assigned interest is entitled, unless such person or entity third party applies for admission to the Company as a member and is subsequently admitted to the Company company as a Member member in accordance line with the terms of this Agreement. If the interest of the Selling Member does is not sell such interest sold within said 120 days, one hundred and twenty days then the Selling Member may not thereafter sell such interest without again offering such interest will have to offer the other Members such interest again before they will be able to offer it to a third party. At the time of offering the interest again, they can change the terms and conditions which include but aren’t limited to the purchase price and the amount of interest in accordance with this Agreement. (Check if Applicable)the Company to be sold.

Right of First Refusal. If If, for any reason, a Member desires of the Company wishes to sell, transfer sell or otherwise dispose of all or any part of their interest in the Company, such in part or in whole, the Member (referred to as the “Selling Member”) shall first is required to offer to sell sell, transfer, or otherwise convey the interest in the Company, the Selling Member must first communicate the wish to dispose of their interest and convey such interest make an offer to the other Members of the company before selling, transferring selling or otherwise disposing of such their interest to any other person, corporation or other entitya third party. Such The offer shall made by the Selling Member is required to be in writing, shall writing and will be given presented to every other Member, and shall set forth Member of the Company. The written offer must include: a. The interest to be sold, that the purchase Selling Member is disposing of b. The price that the Selling Member wishes to be paid, c. The closing date of the date on transaction which the closing is to take place (which date shall cannot be not less than thirty nor days or more than sixty days after the delivery of offer has been presented to the offer), the location at which the Member d. The place closing is to will take place, and all e. Any other material relevant terms and conditions related to the sale or disposal of the saleinterest The other Members that received the offer from the Selling Member must reply within fifteen days, transfer through a written notice, to either accept, counteroffer, or other dispositionreject the offer of the Selling Member. Within fifteen days after the delivery of said offer If the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice do not reply within said fifteen days conclusively shall then the offer will be deemed a rejection of the offerconsidered to be rejected. Any or all of the other Members may elect to accept the offer, and if If more than one of the other Members elects to accept Member accepts the offer, the interest being that is to be sold and the purchase price therefore shall of the interest will be allocated shared among the Members so accepting the offer in proportion to their Members’ Percentage Interestspercentage interests, unless they otherwise agree a different arrangement is agreed to in writing. If any or all of the other Members elect to accept the offer, offer presented by the Selling Member then the title closing of title shall will be held in accordance with the offer and presented by the Selling Member. The Selling Member will deliver an assignment for the interest being sold to the Members that accepted the offer. At that time, the Members that accepted the offer will pay the purchase price as outlined in the offer of the Selling Member. If the other Members decide not to accept the offer or the Members that did accept are unable to meet their obligations as stipulated in the offer, the Selling Member shall deliver may sell the interest to a third party at a price not less than the offer presented to the other Members who have accepted and at terms and conditions that are the offer an assignment same or similar to the terms offered to the other Members of the Company as long as the other terms of this Agreement which apply to the sale are adhered to. This process must be completed within one hundred and twenty days. Assigning the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then of the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member third party in this manner only entitles the third party to the distributions and allocations of the Company shall only entitle such person or entity that the interest so assigned is entitled to unless the allocations and distributions to which the assigned interest is entitled, unless such person or entity third party applies for admission to the Company as a member and is subsequently admitted to the Company company as a Member member in accordance line with the terms of this Agreement. If the interest of the Selling Member does is not sell such interest sold within said 120 days, one hundred and twenty days then the Selling Member may not thereafter sell such interest without again offering such interest will have to offer the other Members such interest again before they will be able to offer it to a third party. At the time of offering the interest again, they can change the terms and conditions which include but aren’t limited to the purchase price and the amount of interest in accordance with this Agreement. (Check if Applicable)the Company to be sold.

Right of First Refusal. If (a) Anything herein contained to the contrary, the Company shall be entitled to treat the record holder of the interest of a Member as the absolute owner thereof, and shall incur no liability by reason of distributions made in good faith to such record holder, unless and until there has been delivered to the Company the assignment or other instrument of transfer and such other evidence as may be reasonably required by the Company to establish to the satisfaction of the Limited Liability Company that an interest has been assigned or transferred in accordance with this Agreement. (b) Notwithstanding the forgoing terms, and subject to Section 6.1(b) herein, if a Member desires to sell, transfer or otherwise dispose of all or any part of their its interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the any other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place place, (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location within the State of New York at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other the disposition. . (c) Within fifteen days after the delivery of said offer to the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore therefor shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage InterestsInterest, unless they otherwise agree in writing. . (d) If any or all of the other Members elect to accept the offer, then (a) upon such acceptance in writing, the closing Member(s) shall pay a non-refundable ten percent (10%) down payment of title the purchase price and (b) then the transfer of the Membership Interest shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members Member shall pay the remaining balance of the purchase price prescribed in the offer. . (f) If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations the obligation to purchase the interest, then than the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this the Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Limited Liability Company shall only entitle cause such person or entity Person to become a member upon the allocations and distributions to which execution of the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicabledocuments required by Section 6.2(c)(iii).

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable) - MULTI-MEMBER: Admission of New Members The Company may admit new Members (or transferees of any interests of existing Members) into the Company by the unanimous vote or consent of the Members. As a condition to the admission of a new Member, such Member shall execute and acknowledge such instruments, in form and substance satisfactory to the Company, as the Company may deem necessary or desirable to effectuate such admission and to confirm the agreement of such Member to be bound by all of the terms, covenants and conditions of this Agreement, as the same may have been amended. Such new Member shall pay all reasonable expenses in connection with such admission, including without limitation, reasonable attorneys’ fees and the cost of the preparation, filing or publication of any amendment to this Agreement or the Articles of Organization, which the Company may deem necessary or desirable in connection with such admission. No new Member shall be entitled to any retroactive allocation of income, losses, or expense deductions of the Company. The Company may make pro rata allocations of income, losses or expense deductions to a new Member for that portion of the tax year in which the Member was admitted in accordance with Section 706(d) of the Internal Revenue Code and regulations thereunder. In no event shall a new Member be admitted to the Company if such admission would be in violation of applicable Federal or State securities laws or would adversely affect the treatment of the Company as a partnership for income tax purposes. (Check if Applicable)

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such (a) A Member (the “Selling selling Member”’) shall may not sell or assign such Member’s Membership Interest without first offer offering to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Memberassign all, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery all, of the offer), the location at which the closing is such Member’s Membership Interest to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members. The selling Member shall notify all Members may elect in writing of his intent to accept the offer, and if more than one of the other Members elects to accept the offer, the sell or assign such Member’s interest being sold and the purchase price therefore and terms thereof. Thereafter, all Members or any of them shall be allocated among have thirty (30) days from the Members so accepting date of receipt of such notice to notify the offer in proportion to selling Member of their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations desire to purchase such Membership Interest at the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as on the terms and conditions set forth in the Member’s offer. If more than one Member accepts such offer, provided all the Membership Interest shall be apportioned among the Members so accepting in proportion to their respective Percentage of Membership Interests in the Company or in such other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member proportion upon which they mutually agree. (b) In the event none of the Company other Members notify the selling Member in writing that they intend to exercise their right to purchase such interest, the selling Member shall only entitle be free to seek a “bona fide offer” (as hereinafter defined) to purchase such person Membership Interest from third parties. Upon receipt of a bona fide offer to purchase on terms more favorable or entity at a lower price than offered to the allocations other Members, the selling Member shall offer in writing to sell and distributions to which the assigned interest is entitled, unless assign such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest Membership Interest to the other Members upon the terms and conditions set forth in the bona fide offer, with a complete copy of the bona fide offer attached. The other Members or any of them shall have fifteen (15) days from receipt of written notice of such bona fide offer within which to notify the selling Member of their intent to exercise their right of first refusal to purchase such Membership Interest upon the terms and conditions of the offer. If more than one Member accepts such offer, the Membership Interest shall be apportioned among the Members so accepting according to Section 5.02(a) hereof. For purposes of this Section, a “bona fide offer’ shall mean and constitute an offer in writing from an outside purchaser (i.e. a person who is not directly or indirectly related to or affiliated with the selling Member and who is financially capable of carrying out the terms of the offer) which (i) sets forth all relevant terms and conditions of the purchase, (ii) is to be accompanied by a good faith deposit equal to five percent (5%) of the proposed consideration to be paid for the Membership Interest, (iii) is in a form legally enforceable against the outside purchaser, and (iv) the consideration to be paid for the Membership Interest must be cash only, payable at settlement or on a deferred basis (c) In the event no Member exercises the right to purchase under Section 5.02(b) within the fifteen (15) day period, the selling Member may sell and assign such Membership Interest to the prospective purchaser but only in accordance with this Agreementthe terms of the bona fide offer. (Check if Applicable)The prospective purchaser shall only receive an economic interest in the Company and shall not be admitted as a substitute Member unless all the requirements of Section 5.03 have been satisfied.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable).

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members of the Company before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty (60) days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen (15) days after the delivery of said offer offer, the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen (15) days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore price, therefore, shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member Member, within 120 one-hundred and twenty (120) days after the delivery of the offer offer, may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 one-hundred and twenty (120) days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable).

Right of First Refusal. If If, for any reason, a Member desires of the Company wishes to sell, transfer sell or otherwise dispose of all or any part of their interest in the Company, such in part or in whole, the Member (referred to as the “Selling Member”) shall first is required to offer to sell sell, transfer, or otherwise convey the interest in the Company, the Selling Member must first communicate the wish to dispose of their interest and convey such interest make an offer to the other Members of the company before selling, transferring selling or otherwise disposing of such their interest to any other person, corporation or other entitya third party. Such The offer shall made by the Selling Member is required to be in writing, shall writing and will be given presented to every other Member, and shall set forth Member of the Company. The written offer must include: The interest that the Selling Member is disposing of The price that the Selling Member wishes to be sold, paid The closing date of the purchase price to transaction which cannot be paid, the date on which the closing is to take place (which date shall be not less than thirty nor days or more than sixty days after the delivery of offer has been presented to the offer), the location at which the Member The place closing is to will take place, and all place Any other material relevant terms and conditions related to the sale or disposal of the saleinterest The other Members that received the offer from the Selling Member must reply within fifteen days, transfer through a written notice, to either accept, counteroffer, or other dispositionreject the offer of the Selling Member. Within fifteen days after the delivery of said offer If the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice do not reply within said fifteen days conclusively shall then the offer will be deemed a rejection of the offerconsidered to be rejected. Any or all of the other Members may elect to accept the offer, and if If more than one of the other Members elects to accept Member accepts the offer, the interest being that is to be sold and the purchase price therefore shall of the interest will be allocated shared among the Members so accepting the offer in proportion to their Members’ Percentage Interestspercentage interests, unless they otherwise agree a different arrangement is agreed to in writing. If any or all of the other Members elect to accept the offer, offer presented by the Selling Member then the title closing of title shall will be held in accordance with the offer and presented by the Selling Member. The Selling Member will deliver an assignment for the interest being sold to the Members that accepted the offer. At that time, the Members that accepted the offer will pay the purchase price as outlined in the offer of the Selling Member. If the other Members decide not to accept the offer or the Members that did accept are unable to meet their obligations as stipulated in the offer, the Selling Member shall deliver may sell the interest to a third party at a price not less than the offer presented to the other Members who have accepted and at terms and conditions that are the offer an assignment same or similar to the terms offered to the other Members of the Company as long as the other terms of this Agreement which apply to the sale are adhered to. This process must be completed within one hundred and twenty days. Assigning the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then of the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member third party in this manner only entitles the third party to the distributions and allocations of the Company shall only entitle such person or entity that the interest so assigned is entitled to unless the allocations and distributions to which the assigned interest is entitled, unless such person or entity third party applies for admission to the Company as a member and is subsequently admitted to the Company company as a Member member in accordance line with the terms of this Agreement. If the interest of the Selling Member does is not sell such interest sold within said 120 days, one hundred and twenty days then the Selling Member may not thereafter sell such interest without again offering such interest will have to offer the other Members such interest again before they will be able to offer it to a third party. At the time of offering the interest again, they can change the terms and conditions which include but aren’t limited to the purchase price and the amount of interest in accordance with this Agreement. (Check if Applicable)the Company to be sold.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their his interest in the Limited Liability Company, such Member (the “"Selling Member”") shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location within the Commonwealth of Virginia at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore therefor shall be allocated among the Members so accepting the offer in proportion to their Members’ ' Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Limited Liability Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Limited Liability Company and is admitted to the Limited Liability Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)Article 13.

Right of First Refusal. If In lieu of the provisions of Section VIII-I, a Member desires to sell, may transfer or otherwise dispose of all or any part of their the Member's interest in the Company, such Member Company (the “Selling Member”"Interest") as follows: The Member desiring to transfer his or her Interest must first provide written notice (the "Notice") to the other Members, specifying the price and terms on which the Member is prepared to sell the Interest (the "Offer"). Other Members may acquire all of the Interest at the price and under the terms specified in the Offer for a period of 30 days after receipt of the Notice. If the acquiring Members cannot agree among themselves on the allocation of the Interest, the allocation shall first offer be proportional to the Ownership Interests of those Members desiring to acquire the Interest. Closing the sale of the Interest shall occur as stated in the Offer, which shall not be less than 45 days after the expiration of the 30-day notice period. The Members shall be deemed to have waived their right to acquire the Interest on the terms described in the Offer should they fail or refuse to notify the transferring Member of their desire to acquire all of the Interest proposed to be transferred within the 30-day period following receipt of the Notice. The transferring Member may then sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance Interest consistent with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest Offer to any other person or entity provided that it should not be contrary to anything in Section VIII-II. Should the sale to a third person be at a purchase price which or on terms that are more favorable than stated in the Offer, the transferring Member must then reoffer the sale of the Interest to the remaining Members at that other price or other terms. If the sale to a third person is not less than closed within six months after the purchase price prescribed in expiration of the offer 30-day period described above, then the provisions of Section VIII-II will again apply to the Interest proposed to be sold or conveyed. In lieu with the foregoing provisions of Section VIII-II, should the sole remaining Member be entitled to and upon elect to acquire all the terms and conditions which are substantially Interests of the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Members of the Company shall only entitle such person in accordance with the provisions of Section VIII-II, the acquiring Member may assign the right to acquire the Interests to a spouse, lineal descendant, or an affiliated entity if the assignment is reasonably believed to be necessary to continue the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to existence of the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)limited liability company.

Right of First Refusal. If a Member desires (1) Prior to sellany sale, exchange or other transfer or otherwise dispose of all or any part portion of their an interest in the CompanyLCC, such the transferring Member (the “Selling Member”) shall first offer in writing to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all each of the other Members may elect ("Offeree Members") such interest in the proportion that such Offeree Member's then interest in the Company bears to the then interest in the Company of all Offeree Members under Section 6.2 (each Member's share of the offered interest being referred to herein as his "proportionate share"), at a price which bears the same ratio to the offered price as his proportionate share bears to all proportionate shares, and on the offered terms. Said Offeree Members shall have a period of twenty (20) days after receipt of said written offer to accept said offer to the extent of each Offeree Member's proportionate share, or to reject said offer. In the event any Offeree Member fails to accept the offertransferring Member's offer within said twenty (20) day period, and if more than one the portion of the other offered interest then remaining shall, within ten (10) days thereafter, be divided among and sold to the Offeree Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the who accepted said offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all that each such Offeree Member's then share of the other Members elect Membership interest bears to accept all such Offeree Members' then interest in the offerCompany under Section 6.2, then at a price which bears the closing of title shall be held in accordance with the offer and the Selling Member shall deliver same ratio to the other Members who have accepted the offer an assignment of offered price as the interest being sold by to such Offeree Member bears to the Selling Member, and said other offered interest. (2) In the event the Offeree Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to do not purchase the interestoffered interest after said thirty (30) day period of time, the transferring Member may then transfer the Selling Member within 120 days after the delivery of the offer may sell such offered interest to any other person or entity at a purchase price which is not (but no more and no less than the purchase offered interest) at a price prescribed no more favorable to the purchaser than the offered price and on terms no more favorable to the purchaser than the offered terms, for a period of sixty (60) days following the expiration of the last applicable period of time during which any Offeree Member may have purchased said interest. Under no circumstances can the offered interest be sold, exchanged, or otherwise transferred after expiration of said sixty (60) day period unless and until it has first been referred to the Offeree Members in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)complete manner hereinabove provided.

Right of First Refusal. If a Member (a) A Shareholder (the "Proposing Transferor") desiring to transfer any or all of its Shares to any other Person, other than to an Affiliate pursuant to section 7.3 of this Agreement, shall give written notice to the Company (the "Transfer Notice") specifying the number of its Shares that it desires to selltransfer (the "Offered Shares"), the price, expressed in lawful money of the United States of America, for the Offered Shares, and the terms of payment upon which the Proposing Transferor is prepared to transfer the Offered Shares. The Transfer Notice shall constitute the Company as the agent of the Proposing Transferor for the sale of the Offered Shares to any other Shareholder or otherwise dispose Shareholders at the price and upon the terms of payment specified in the Transfer Notice. The Transfer Notice shall constitute an offer by the Proposing Transferor to the other Shareholders to sell the Offered Shares to the other Shareholders and shall not be revocable. If the Transfer Notice pertains to Shares of more than one class, then the price and terms of payment for each class of Shares shall be stated separately in the Transfer Notice. (b) The Company shall forthwith upon receipt of the Transfer Notice transmit a copy of it to each Shareholder, other than the Proposing Transferor, holding Shares of the class or classes set out in the Transfer Notice and shall request that each such Shareholder state in writing, within 14 days from the date on which the Transfer Notice is deemed given pursuant to section 17.2, whether it is willing to purchase any of the Offered Shares and, if so, the maximum number it is willing to purchase. (c) Upon the expiration of the 14-day notice period provided for in section 7.2(b) above, if the Company has received from the Shareholders entitled to receive the Transfer Notice sufficient acceptances to purchase all the Offered Shares, the Company shall thereupon apportion the Offered Shares among the Shareholders so accepting pro rata in proportion to the number of shares held by each of them respectively up to the number of Offered Shares accepted by each of them respectively, and in the case of more than one class of Shares then pro rata in respect of each class. If the Company did not receive sufficient acceptances to purchase all of the Offered Shares, the Company may, but only with the consent of the Proposing Transferor, who shall not be obliged to sell in the aggregate less than all the Offered Shares, apportion the Offered Shares among the Shareholders accepting pro rata in proportion to the number of Shares held by each of them respectively up to the number of the Offered Shares accepted by each of them respectively, and in the case of more than one class of Shares then pro rata in respect of each class. (d) After an apportionment has been made pursuant to section 7.2(c) above and upon payment of the price for the Offered Shares apportioned, the Proposing Transferor shall be bound to transfer those Shares in accordance with that apportionment and if the Proposing Transferor fails to do so the Company shall cause the name of the purchasing Shareholders to be entered in the register of members of the Company as the holders of those Shares and shall cancel the share certificates previously issued to the Proposing Transferor representing those Shares whether they have been produced to the Company or not. Payment to the Company, as agent for the Proposing Transferor, of the Purchase Price shall be sufficient payment by the purchasing Shareholders and entry of the transfer in the register of members of the Company shall be conclusive evidence of the validity of the transfer. Upon completion of the transfer, the Company shall pay the Purchase Price to the Proposing Transferor. (e) The Proposing Transferor may for a period of 180 days after the expiration of the 14-day period provided for in section 7.2(b) above transfer to any Person the Offered Shares not purchased by other Shareholders pursuant to sections 7.2(b), (c) and (d) above, provided that: (i) the Proposing Transferor may not sell less than 85% of the Offered Shares which have not been purchased pursuant to the preceding provisions of this section 7.7; (ii) the Proposing Transferor shall not sell any of the Offered Shares at a price less than that specified in the Transfer Notice or on terms which are materially more favourable to the purchaser than those specified in the Transfer Notice; (iii) the Proposing Transferor shall not sell any of the Offered Shares to any Person, unless the proposed transfer complies with the requirements of, and is not prohibited by the provisions of, sections 7.5 and 7.6; and (iv) if the Proposing Transferor has not transferred the Offered Shares or any of them within the 180-day period then the provisions of this section 7.2 shall again become applicable to all of the Offered Shares not disposed of within the 180-day period. (f) The provisions as to transfers of Shares contained in sections 7.2(a), (b), (c), (d) and (e) shall not apply: (i) if before the proposed transfer of Shares is made, each of the other Shareholders waives in writing its right to receive a Transfer Notice relating thereto; or (ii) to any transfer of Shares pursuant to the provisions of section 8 of this Agreement. (g) The Proposing Transferor may include all or any part of their interest its Convertible Securities and/or Shareholder's Loan in the CompanyTransfer Notice, such Member (in which case the “Selling Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer price payable therefor shall be included in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take placeOffered Shares, and all other material terms and conditions references to Offered Shares in this section 7.2 shall include the portion of the saleConvertible Securities and Shareholder's Loan included therein. If the Proposing Transferor does not include its Shareholder's Loan in the Transfer Notice, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members Proposing Transferor shall deliver retain its Shareholder's Loan, which shall be repaid in accordance with and be subject to the Selling Member a written notice either accepting or rejecting provisions of section 3.5 hereof, provided that, for purposes of determining the offer. Failure to deliver said notice within said fifteen days conclusively amount of any repayment of such Shareholder's Loan under section 3.5, the Proposing Transferor shall be deemed a rejection of to continue to hold the offer. Any or all of the other Members may elect Shares transferred pursuant to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)section 7.2.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members of the Company before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty (60) days after the delivery of the offer), the location at which the closing dosing is to take place, and all other other- material terms and conditions of the sale, transfer or other disposition. : Within fifteen (15) days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen (15) days conclusively shall be deemed a rejection of the offer. Any or dr all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and arid the purchase price therefore shall be allocated among Received by NSD/FARA Registration Unit 09/16/2018 1:19:27 AM Received by NSD/FARA Registration Unit 09/16/2018 1:19:27 AM the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. ! If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member Member, within 120 one-hundred arid twenty (120) days after the delivery of the offer tHe offer, may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or of entity who is not a Member of the Company shall only entitle such person or of entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 one-hundred and twenty (120) days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this this. Agreement. (Check if Applicable).

Right of First Refusal. If Sections 13.3, 13.4, 13.6, and 13.8 of the Co-Tenancy Agreement are amended to read as follows: 13.3 At least one hundred eighty (180) days prior to its intended date to Assign, and after its receipt of a Member desires bona fide written offer of the type described in Section 13.1 above, the Participant desiring to sell, transfer or otherwise dispose Assign its Transfer Interest shall serve written notice of all or any part of their its intention to do so upon the remaining Participants who have an interest in that portion of the Company, such Member (Four Corners Project that is the “Selling Member”) shall first offer to sell and convey such interest subject of the Transfer Interest in accordance with Section 23 of this Co-Tenancy Agreement. Such notice to the other Members before sellingremaining Participants shall contain the approximate proposed date to Assign, transferring or otherwise disposing the terms and conditions of said bona fide written offer received by such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other MemberParticipant, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other dispositionproposed assignment. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the The terms and conditions which are substantially contained in such notice shall be at least as favorable to the same remaining Participants as the terms and conditions of said bona fide written offer, or may be the same terms and conditions as set forth in said offer. 13.4 Each remaining Participant having an ownership interest in the offer, provided all other applicable requirements portion of this Agreement are complied with. An assignment of such interest to a person or entity who Four Corners Project that is not a Member the subject of the Company Transfer Interest, including the Outside Party if such Outside Party is a Participant, shall only entitle signify its desire to purchase the entire Transfer Interest, or any percentage interest therein, or not to purchase all or any percentage interest therein, by serving written notice of its intention upon the Participant desiring to Assign and upon the remaining Participants pursuant to Section 23 hereof within one hundred twenty (120) days after such person or entity service pursuant to Section13.3 of the allocations and distributions written notice of intention to which Assign. Failure by a Participant to serve notice as provided hereunder within the assigned interest is entitled, unless such person or entity applies for admission time period specified shall be conclusively deemed to be notice of its intention not to purchase any portion of the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)Transfer Interest.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or (a) In the event any part of their interest in the Company, such Member (the “Selling Member”) has received a bona fide offer for all or any portion of its Units from a third party, such Selling Member desires to accept such offer, and the Board has consented to such sale pursuant to Section 6.2(a) hereof, such Selling Member shall first offer in writing to sell such Units to the LLC on the same terms and conditions as made by the offeror of the bona fide third party offer. The Selling Member’s offer shall state the name of the offeror, the number of Units such offeror has offered to purchase and the price and terms pursuant to which such offeror has offered to purchase such Units. The inclusion of such number, price and terms in the Selling Member's offer shall constitute a warranty and representation by the Selling Member that such prospective purchaser's offer is bona fide in all respects. The LLC shall then have a period of thirty (30) days to accept such offer by written notice to the Selling Member, which written notice shall specify the number of Units the LLC desires to purchase. (b) If the LLC declines to accept the offer to sell and convey such interest purchase all or a portion of the Units offered to it, the Selling Member shall offer that portion of the Units so declined in writing to the other remaining Members, on a pro rata basis, at the same price and on the same terms and conditions as first offered to the LLC. The remaining Members before selling, transferring shall then have a period of seven (7) days to accept such offer by written notice to the Selling Member. (c) If the LLC and the remaining Members decline to timely accept all or otherwise disposing any portion of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be soldUnits offered, the purchase price Selling Member may, subject to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the salethis Agreement, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection including without limitation Section 6.7 below, sell that portion of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members Units so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest declined to any other person or entity third party at a purchase the same price which is not less than and on the purchase price prescribed in the offer and upon the same terms and conditions which are substantially as first offered to the same as LLC and the terms and conditions set forth remaining Members, upon advising the remaining Members in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member writing of the Company shall only entitle such person or entity to name and address of the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)prospective third party purchaser.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such (A) A Member (the “Selling selling Member”) shall may not sell or assign such Member’s Membership Interest without first offer offering to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Memberassign all, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery all, of the offer), the location at which the closing is such Member’s Membership Interest to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members. The selling Member shall notify all Members may elect in writing of his intent to accept the offer, and if more than one of the other Members elects to accept the offer, the sell or assign such Member’s interest being sold and the purchase price therefore and terms thereof. Thereafter, all Members or any of them shall be allocated among have thirty (30) days from the Members so accepting date of receipt of such notice to notify the offer in proportion to selling Member of their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations desire to purchase such Membership Interest at the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as on the terms and conditions set forth in the Member’s offer. If more than one Member accepts such offer, the Membership Interest shall be apportioned among the Members so accepting in proportion to their respective Percentage of Membership Interests in the Company or in such other proportion upon which they mutually agree. Settlement of any sale to the Members under this Section 8.02(A) shall be made by the selling Member and the applicable purchasing Members within (i) thirty (30) days after notice of desire to purchase or (ii) the time, if any, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who in the Member’s offer, whichever is not a Member later. (B) In the event none of the Company other Members notify the selling Member in writing that they intend to exercise their right to purchase such interest, the selling Member shall only entitle be free to seek a “bona fide offer” (as hereinafter defined) to purchase such person Membership Interest from third parties. Upon receipt of a bona fide offer to purchase on terms more favorable or entity at a price lower than offered to the allocations other Members, the selling Member shall offer in writing to sell and distributions to which the assigned interest is entitled, unless assign such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest Membership Interest to the other Members upon the terms and conditions set forth in accordance the bona fide offer, with a complete copy of the bona fide offer attached. The other Members or any of them shall have fifteen (15) days from receipt of written notice of such bona fide offer within which to notify the selling Member of their intent to exercise their right of first refusal to purchase such Membership Interest upon the terms and conditions of the offer. If more than one Member accepts such offer, the Membership Interest shall be apportioned among the Members so accepting according to Section 8.02 (A) hereof. For purposes of this Agreement. Section 8.02 (Check if ApplicableB), the term

Right of First Refusal. If a 10.1. A Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member Assignee (the herein “Selling Member”) which desires to sell or transfer all or any portion of its Membership Interest to a third party shall first obtain from such third party a bona fide written offer to sell purchase such Interest, setting out and convey such interest stating fully all terms and conditions upon which the purchase is to be made and the consideration offered therefor (the “Offer”). The Selling Member shall give notice to the other Members before sellingremaining Member of its intention to sell, transferring or otherwise disposing furnishing a copy of the Offer with such interest notice. 10.2. The remaining Member (not Assignee) (herein “Non Selling Member”) has the right to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place all (which date shall be but not less than thirty nor more than sixty days after the delivery all) of the offer), Membership Interests proposed to be sold upon the location at which the closing is to take place, and all other material same terms and conditions of stated in the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver Offer by giving notice to the Selling Member a written of its intention to do so within thirty (30) days after notice either accepting or rejecting from the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writingSelling Member. If any or all the Non Selling Member shall not notify the Selling Member of its exercise of its right of first refusal within the other Members elect thirty (30) day period, its right of first refusal with respect to accept the offerOffer shall terminate, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver be entitled to consummate the other Members who have accepted proposed sale of its Membership Interest, provided that such sale is (i) on substantially the offer an assignment same terms as the Offer and (ii) consummated within forty-five (45) days of the interest being sold by expiration of the Non Selling Member, and said other Members shall pay the purchase price prescribed in the offer’s right of first refusal. If no other the proposed sale is not consummated within the forty-five (45) day period, the Membership Interests shall continue to be subject to all provisions of this Article 10. In the event the Non Selling Member accepts the offer, or if the Members who have accepted such offer default in their obligations gives written notice to purchase the interest, then the Selling Member within 120 days after of its exercise of its right of first refusal to purchase all the delivery offered interest of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon Selling Member on the terms and conditions which are substantially the same as the terms and conditions set forth stated in the offerOffer, the Non Selling Member or the Company shall have the right to designate the time, date and place of closing, provided all other applicable requirements that the date of this Agreement are complied withclosing shall be within sixty (60) days after receipt of the written notification to the Selling Member from the Non Selling Member of its exercise of its right of first refusal. 10.3. An assignment of such interest to a person or entity who is not The transfer by a Member of its Membership Interest shall, unless the Company other Member otherwise consents, shall only entitle such person or entity give to the allocations and distributions Non Selling Member the right to which the assigned interest is entitled, unless such person accelerate any or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If all debt from the Selling Member does not sell such interest within said 120 days, then to the Non Selling Member. The Non Selling Member shall notify the Selling Member may not thereafter sell if it exercises such interest without again offering such interest to right of acceleration at the other Members in accordance with this Agreement. (Check if Applicable)time it notifies the Selling Member of its exercise or non-exercise of its right of first refusal.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members of the Company before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty (60) days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen (15) days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen (15) days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member Member, within 120 one-hundred and twenty (120) days after the delivery of the offer offer, may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 one-hundred and twenty (120) days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable).

Right of First Refusal. If (a) Each of Corning and its Permitted Transferees agrees that, if such Stockholder (the "Offeree") receives a Member desires bona fide offer (a "Transfer Offer") to sell, transfer or otherwise dispose of purchase all or any part portion of their interest in the CompanyCommon Stock (the "Transfer Stock") then owned by such Offeree from any Person (the "Offeror") other than an affiliate of such Offeree which such Offeree wishes to accept, such Member Offeree shall cause the Transfer Offer to be reduced to writing and shall provide a written notice (the “Selling Member”"Transfer Notice") of such Transfer Offer to the Company and ▇▇▇▇▇▇; provided that, there shall first not be more than four Permitted Transferees pursuant to this Section 2.2. The Transfer Notice shall also contain an irrevocable offer to sell and convey such interest the Transfer Stock to the other Members before sellingCompany and, transferring or otherwise disposing of if the Company shall decline to accept such interest offer, ▇▇▇▇▇▇ (in the manner set forth below) at a price equal to any other personthe price contained in, corporation or other entity. Such offer and upon substantially the same terms and conditions as the terms and conditions contained in, the Transfer Offer and shall be in writing, accompanied by a true and complete copy of the Transfer Offer (which shall be given to every other Member, and shall set forth identify the interest to be soldOfferor, the purchase price to be paidTransfer Stock, the date on which price contained in the closing is to take place (which date shall be not less than thirty nor more than sixty days after Transfer Offer and the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other dispositionTransfer Offer). Within fifteen At any time within 30 days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection date of the offer. Any receipt by the Company and ▇▇▇▇▇▇ of the Transfer Notice, the Company shall have the option to exercise its right to purchase (or assign its right to one of its subsidiaries) or, if the Company and its subsidiaries shall decline to exercise such option, ▇▇▇▇▇▇ shall have the right to exercise such option to purchase (or assign its right to any party) all of the other Members may elect to accept Common Stock covered by the offerTransfer Offer at the same price and on such substantially the same terms and conditions as the Transfer Offer. If such election is made, within 60 days after the date of the receipt by the Company and if more than ▇▇▇▇▇▇ of the Transfer Notice, the Company or ▇▇▇▇▇▇ or one of their aforementioned assignees shall deliver a certified bank check or checks in the appropriate amount to such Offeree against delivery of certificates or other Members elects instruments representing the Common Stock so purchased, appropriately endorsed by such Offeree. If the Company or ▇▇▇▇▇▇ or one of their aforementioned assignees has not given notice of its intention to accept the offer, the interest being sold and exercise such right to purchase within such 30 day period or has not tendered the purchase price therefore for such Common Stock in the manner set forth above within such 60 day period, such Offeree shall be allocated among free for a period of 90 days from the Members so accepting end of such 30 day or 60 day period, as the offer in proportion case may be, to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of transfer the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver Transfer Stock to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the Offeror on terms and conditions which are substantially no more favorable in any material respect to the same as transferee than the terms and conditions set forth in the offerTransfer Notice. If for any reason such Offeree does not transfer the Transfer Stock to the Offeror on such terms and conditions or if such Offeree wishes to sell the Transfer Stock on terms which are more favorable in any material respect to the transferee than those set forth in the Transfer Notice, provided all other applicable requirements the provisions of this Agreement are complied with. An assignment Section 2.2 shall again be applicable to the Transfer Stock. (b) The closing of such interest the purchase of the Transfer Stock upon exercise of the option pursuant to a person or entity who is not a Member Section 2.2(a) shall take place at the principal office of the Company shall only entitle such person or entity to on a date specified by the allocations and distributions to which buyer no later than the assigned interest is entitled, unless such person or entity applies for admission to last day of the Company and is admitted to 60 day period after the Company as a Member in accordance with this Agreement. If giving of the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)Transfer Notice.

Right of First Refusal. If a Member (a) A Shareholder (the "Offeror") desiring to transfer any or all of its Shares shall give written notice to the Company (the "Transfer Notice") specifying the number of its Shares that it desires to selltransfer (the "Offered Shares"), the price, in lawful money of Canada, for the Offered Shares, and the terms of payment upon which the Offeror is prepared to transfer the Offered Shares. The Transfer Notice shall constitute the Company as the agent of the Offeror for the sale of the Offered Shares to any other Shareholder or otherwise dispose Shareholders at the price and upon the terms of payment specified in the Transfer Notice. The Transfer Notice shall also state whether the Offeror has received an offer to purchase (the "Third Party Offer") the Offered Shares, OR any of them, from, or proposes to sell the Offered Shares, or any of them, to, any particular person or persons who are not Shareholders (the "Third Party Offerors") and, if so, the names and addresses of those persons and the price and terms in the Third Party Offer shall be specified in the Transfer Notice. The Transfer Notice shall constitute an offer by the Offeror to the other Shareholders to sell the Offered Shares to the other Shareholders and shall not be revocable. (b) The Company shall forthwith upon receipt of the Transfer Notice transmit a copy of it to each Shareholder other than the Offeror and shall request that each such Shareholder state in writing, within 14 days from the date of the Transfer Notice, whether it is willing to purchase any of the Offered Shares and, if so, the maximum number it is willing to purchase. (c) Upon the expiration of the 14-day notice period provided for in paragraph above, if the Company has received from the Shareholders entitled to receive the Transfer Notice sufficient acceptances to purchase all the Offered Shares the Company shall thereupon apportion the Offered Shares among the Shareholders so accepting pro rata in proportion to the number of shares held by each of them respectively up to the number of Offered Shares accepted by each of them respectively. If the Company did not receive sufficient acceptances to purchase all of the Offered Shares, the Company may, but only with the consent of the Offeror, who shall not be obliged to sell in the aggregate less than all the Offered Shares, apportion the Offered Shares among the Shareholders accepting pro rata in proportion to the number of shares held by each of them respectively up to the number of the Offered Shares accepted by each of them respectively. (d) Upon the Company's receipt of an acceptance to purchase all or any part of their interest the Offered Shares and after an apportionment has been made pursuant to paragraph (c) above, if necessary, a binding contract of purchase and sale between the Offeror and the Shareholder who transmitted such acceptance shall be deemed to come into existence on the terms set out in this Agreement and the Transfer Notice, which contract will be completed in the manner provided in section 12. (e) After an apportionment has been made pursuant to paragraph (c) above and upon payment of the price for the Offered Shares apportioned, the Offeror shall be bound to transfer those shares in accordance with that apportionment and if the Offeror fails to do so the Company shall cause the names of the purchasing Shareholders to be entered in the register of members of the Company as the holders of those shares and shall cancel the share certificates previously issued to the Offeror representing those shares whether they have been produced to the Company or not. Payment to the Company, such Member (as agent for the “Selling Member”) shall first offer to sell and convey such interest to Offeror, of the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer Purchase Price shall be in writing, shall be given to every other Member, sufficient payment by the purchasing Shareholders and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery entry of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed transfers in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery register of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member members of the Company shall only entitle such person or entity be conclusive evidence of the validity of the transfers. Upon completion of the transfers, and delivery of the share certificates duly endorsed in blank for transfer, the Company shall pay the Purchase Price to the allocations Offeror. (f) The Offeror may for a period of 90 days after the expiration of the 14-day period provided for in paragraph (b) above transfer to any person the Offered Shares not purchased by other Shareholders pursuant to paragraphs (b), (c), (d) and distributions (e) above, provided that: (i) if the other Shareholders did not purchase any of the Offered Shares, the Offeror may not sell less than all the Offered Shares; (ii) the Offeror shall sell the Offered Shares for cash at Closing, free and clear of encumbrances, and on terms which are otherwise identical to which those specified in the assigned interest is entitledTransfer Notice; (iii) the Offeror shall not sell any of the Offered Shares to any person, unless such at the time of the sale that person complies with subsection 5.6; and (iv) if the Offeror has not transferred the Offered Shares or entity applies for admission any of them within the 90-day period, then the provisions of this subsection 5.3 shall again become applicable to all of the Offered Shares not disposed of within the 90-day period. (g) The provisions as to transfers of Shares contained in paragraphs (a), (b), (c), (d), (e) and (f) of this subsection 5.3 shall not apply: (i) if, before the proposed transfer of Shares is made, the other Shareholders waive their rights to receive the Transfer Notice; or (ii) to any transfer of Shares pursuant to the Company provisions of sections 6, 8, 9 and is admitted to the Company as a Member in accordance with 10 of this Agreement. (h) The Offeror may include all or any part of its Shareholder's Loan in the Transfer Notice, in which case the Shareholder's Loan (or part thereof) shall be included in the price of the Offered Shares, and all references to Offered Shares in subsection 5.3 shall include the portion of the Shareholder's Loan included therein. If the Selling Member Offeror does not sell such interest within said 120 daysinclude its Shareholder's Loan in the Transfer Notice, then the Selling Member may not thereafter sell such interest without again offering such interest to Offeror shall retain its Shareholder's Loan, which shall be repaid as the other Members in accordance with this Agreement. (Check if Applicable)Company's finances permit, as determined by the directors.

Right of First Refusal. If a bona fide offer, in writing, signed by the offeror, shall have been made to a Member desires to sell, transfer or otherwise dispose for the purchase of all or any part portion of their interest in the Company, such Member Member’s Interest (the “Selling offeree Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect desires to accept the offer, then a true copy of such offer shall be forwarded to the Company’s other Members. Such other Members shall have the right, in proportion to their participate percentages, or In such other proportions as they may agree, (including through redemption of the interest by the Company) to be exercised by written notice to such effect within 90 days after receipt of the offer by them, to purchase the offeree Member’s Interest on the same terms and conditions as are contained in the offer. Such notice of acceptance shall set the closing date for the consummation of title the transaction, which shall not be for a date beyond 90 days from the mailing of such acceptance by them, or be on the date of closing in the offer, whichever date is later, and shall also set forth the time and place of closing, which shall be held at the Company’s principal office, during usual business hours. If the other Members do not send a notice of acceptance to the offeree Member within the prescribed time for the purchase of the offeree Member’s Interest, or are not ready, willing, and able to consummate the purchase on the closing date, then the offeree Member shall have the right to sell his or her interest to the offeror, provided that such sale is consummated within 180 days after the date of the receipt of the original bona fide offer by the non transferring Members, and further provided, that such sale is made strictly in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery terms of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the on no more favorable terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)offeror.

Right of First Refusal. (a) If at any time any Member proposes to Transfer to one or more third parties (other than a proposed transfer to an immediate family member or a trust established for the benefit of the Member desires or its immediate family members), pursuant to sellan understanding with such third parties, transfer or otherwise dispose of all or any part of their interest in the Company, then such Member (the “Selling Member”"TRANSFERRING MEMBER") shall first give each other Member written notice of the Transferring Member's intention to make the Transfer (the "TRANSFER NOTICE"). The Transfer Notice shall include (i) a description of the Interests of the Transferring Member to be offered (the "OFFERED INTERESTS") including the amount of such Interests, (ii) the identity of the prospective offeree(s) and (iii) the consideration and the material terms and conditions upon which the proposed Transfer is to be made. The Transfer Notice shall certify that the Transferring Member has received a firm offer from the prospective transferee(s) and in good faith believes a binding agreement for the Transfer is obtainable on the terms set forth in the Transfer Notice. (b) Each Member shall have an option for a period of twenty (20) days from the Transferring Member's delivery of the Transfer Notice to sell elect to purchase its pro rata share of the Offered Interests at the same price and convey such interest subject to the other Members before sellingmaterial terms and conditions as described in the Transfer Notice. Each Member may exercise such purchase option and, transferring thereby purchase all of his, her or otherwise disposing its pro rata share of such interest to any other personthe Offered Interests, corporation or other entity. Such offer shall be by notifying the Transferring Member in writing, before expiration of the twenty (20) day period. Each Member shall be given entitled to every other Member, and shall set forth apportion the interest Offered Interests to be soldpurchased among its associates and affiliates, provided that such Member notifies the Transferring Member of such allocation. If a Member gives the Transferring Member notice that it desires to purchase its pro rata share of the Offered Interests, then payment for the Offered Interests shall be by check or wire transfer, against delivery of the Offered Interests to be purchased at a place agreed upon between the parties and at the time of the scheduled closing therefor, which shall be no later than forty-five (45) days after the Member's receipt of the Transfer Notice, unless the value of the purchase price has not yet been established pursuant to Section 9.2(c). (c) Should the purchase price specified in the Transfer Notice be paidpayable in property other than cash or evidences of indebtedness, the date Members shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. If the Transferring Member and the Members cannot agree on which such cash value within five (5) days after the closing is to take place (which date Members' receipt of the Transfer Notice, the valuation shall be made by an appraiser of recognized standing selected by the Transferring Member and the Members or, if they cannot less than thirty nor more than sixty agree on an appraiser within the fifteen (15) days after the delivery of the offerTransfer Notice), each shall select an appraiser of recognized standing and the location at which the closing is to take placetwo appraisers shall designate a third appraiser of recognized standing, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively whose appraisal shall be deemed a rejection determinative of such value. The cost of such appraisal shall be shared equally by the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold Transferring Member and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and costs pro rata by each based on the Selling Member shall deliver number of Interest such parties are purchasing pursuant to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)Section 9.

Right of First Refusal. If (a) Any Member (a Member desires "Transferor") who wishes to sell, transfer Transfer any or otherwise dispose all of its Common Shares (the "Offered Shares") to any Person other than a Permitted Transferee and who receives a bona fide offer from any Person (the "Offeror") who is not a Prohibited Transferee for the purchase of all or any part portion of their interest in the Companysuch Member's Common Shares shall, prior to accepting such Member offer, provide written notice (the “Selling Member”"Notice of Offer") shall first offer thereof to sell and convey such interest to the each other Members before sellingMember holding Common Shares, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and which notice shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the saleoffer so received, transfer or other dispositionincluding the purchase price and the identity of the Offeror. Within fifteen days after Following the delivery of said offer to the other Members shall deliver of the Notice of Offer, each other Member may purchase that percentage of the Offered Shares which is equal to the Selling Total Common Shares (excluding the Offered Shares) owned by each such Member ("Applicable Percentage") during a written notice either accepting or rejecting fifteen-day Refusal Period on the offerterms set forth in the Notice of Offer. Failure To the extent any Member shall fail to deliver said notice within said fifteen days conclusively shall be deemed a rejection purchase its Applicable Percentage prior to the expiration of the offer. Any or all of Refusal Period, the other Accepting Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer such Shares on a pro rata basis in proportion to their Members’ Percentage Intereststhe number of Common Shares owned by each of them (and the foregoing procedure shall be repeated in respect of any Shares not purchased until all Accepting Members have had an opportunity to purchase any remaining Shares). (b) Subject to Section 7.2, unless they otherwise agree in writing. If if all or any or all of the other Members elect Offered Shares shall remain unsold after completion of the procedures set forth in Sections 7.4(a), the Transferor may sell such remaining Offered Shares to accept the offer, then Offeror within six months of the closing completion of title shall be held such procedures on terms no more favorable than those set forth in the Notice of Offer; provided that the Offeror is not a Prohibited Transferee. To the extent any of the Offered Shares are not sold in accordance with the offer and foregoing, the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the continue to have a right of first refusal under this Section 7.4 with respect to any Transfers to any Person which are subsequently proposed by such Transferor. (c) The closing of a purchase price prescribed in the offer. If no other by a Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member under this Section 7.4 shall occur within 120 ten days after the delivery end of the offer Refusal Period or at such later date when all approvals required by the Gaming Laws are obtained (such approvals to be obtained as soon as is reasonably practicable). At such closing the Transferor and the relevant Accepting Member (and any or all other Members, as may sell be required) shall execute an assignment and assumption agreement and any other instruments and documents as may be reasonably required by such interest Member to effectuate the transfer of such Shares free and clear of any liens, claims or encumbrances, other than as specifically permitted hereunder. Any Transfer to any Person which does not comply with the provisions of this Section 7.4, other person or entity at than a purchase price which is not less than the purchase price prescribed Transfer expressly provided for in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements provisions of this Agreement are complied with. An assignment Agreement, shall be null and void of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)no effect whatsoever.

Right of First Refusal. If a Member during the Term of this Lease Landlord ---------------------- desires to sell, transfer sell or otherwise dispose of all or any part of their exchange its ownership interest in the Company, such Member Land and/or Building (the “Selling Member”"Property"), or receives a bona fide offer to purchase or exchange the Property to anyone (the "Other Buyer") and Landlord desires to accept such offer (the "Outside Offer") Landlord shall first offer in writing to sell or exchange the Property to Tenant on the same terms and convey such interest to conditions and at the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall same price as set forth in the Outside Offer or, if no Outside Offer has been received, on the terms and conditions and at the price at which Landlord desires to sell or exchange its ownership interest in the Property (such terms, conditions and price, whether set forth in the Outside Offer or as determined by Landlord without any outside Offer, are referred to be sold, herein as the purchase price to be paid, the date on which the closing is to take place "Offer"). Tenant shall have twenty (which date shall be not less than thirty nor more than sixty 20) business days after from the delivery of written notice of the offer), offer to elect in writing to exchange for or purchase the location at which Property upon the closing is to take place, and all other material terms and conditions of the saleOffer. Should Tenant elect not to exchange for or purchase the Property on such terms and conditions or should Tenant fail to respond in writing within said twenty (20) business days, transfer Landlord may sell or exchange the Property to the Other Buyer or any other disposition. Within fifteen party on substantially the terms and conditions and at not less than ninety-five percent (95%) of the price set forth in the Offer, provided that the closing occurs within one hundred eighty (180) days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection date of the offer. Any If there are changes in the price or all the terms of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed exceeding those allowed in the offer. If no other Member accepts the offer, preceding sentence or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which transaction is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offerclosed within said one hundred eighty (180) day period, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company Landlord shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then or exchange the Selling Member may not thereafter Property without first offering to sell such interest without again offering such interest or exchange the Property to the other Members in accordance with Tenant pursuant to this Agreement. (Check if Applicable)Article XXIX.

Right of First Refusal. If a Member desires to sell, transfer transfer, or otherwise dispose of all or any part of their interest in the CompanyCollective, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members Member(s) of the Collective before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty (60) days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen (15) days after the delivery of said offer offer, the other Members Member(s) shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen (15) days conclusively shall be deemed a rejection of the offer. Any or all of the other Members Member(s) may elect to accept the offer, and if more than one of the other Members Member(s) elects to accept the offer, the interest being sold and the purchase price therefore price, therefore, shall be allocated among the Members Member(s) so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members Member(s) elect to accept the offer, then the closing of title shall be held in accordance with the offer offer, and the Selling Member shall deliver to the other Members Member(s) who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members Member(s) shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members Member(s) who have accepted such offer default in their obligations to purchase the interest, then the Selling Member Member, within 120 one-hundred and twenty (120) days after the delivery of the offer offer, may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)conditions

Right of First Refusal. If 1. Prior to the Qualified IPO, each holder of Preferred Stock holding at least 5% of the Company’s voting rights (“Major Holder”) and each Major Investors Group listed on Exhibit C to that certain Investors’ Rights Agreement dated December 6, 2006, by and among the Corporation, the investors listed on Exhibit A thereto, and the holders of Series A Preferred Stock listed on Exhibit B thereto (“Major Investors Group”) shall have a Member desires right of first refusal with respect to sell, any transfer or otherwise dispose by a stockholder of all or any part of their interest its shares in the Company, except with respect to a transfer by such Member stockholder of shares to its Permitted Transferees (as defined below), as follows: (a) Any holder of stock proposing to transfer all or any of his shares (the “Selling MemberOfferor”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member Permitted Transferee of such holder of shares, shall first send to the Major Holders and to the holders designated as representatives for such purpose by each Major Investors Group a written notice detailing the number of shares intended to be transferred or sold (the “Offered Shares”), the class and price and the other terms of the Company transfer of the sale (the “Offer”). The Major Holders and the Major Investors Groups shall only entitle have a right to purchase the Offered Shares by sending the Offeror a written notice within a period of 15 (fifteen) days after receipt of Offerors’ notice, and under the terms of the Offer. Each of the Major Holders and the Major Investors Groups may accept (“Accepting Offeree”) such person Offer as aforesaid in respect of all or entity part of the Offered Shares (“Acceptances”). If a Major Holder or a Major Investors Group does not respond in the abovementioned manner, such Major Holder or Major Investors Group shall be deemed as having given a notice of refusal to purchase the Offered Shares or any part thereof. A Major Holder or a Major Investors Group who chooses to exercise the right of first refusal may designate as Accepting Offerrees under such right itself or its partners or affiliates, including any member of the Major Investors Groups, in such proportions as it deems appropriate. (b) If the Acceptances, in the aggregate, are in respect of all of, or more than, the Offered Shares, then, firstly each Major Holder and Major Investors Group, which has so elected, will be eligible to purchase such number of Offered shares up to its Pro Rata Share (or less if so elected) and thereafter the balance of the Offered Shares will be distributed among those Major Holders and members of the Major Investors Groups which are holders of Preferred Shares, that have elected to purchase more than their Pro Rata Share, in proportion to the allocations relative size of their holdings of the issued share capital of the Company, provided that no Holder shall be required to purchase Offered Shares in a number greater than that which it has specified in the response to its Acceptance. (c) In such case the Acceptances shall constitute an agreement for the sale and distributions to which purchase of all the assigned interest is entitledOffered Shares at the price and conditions specified in the Offer, unless such person or entity applies for admission and the Offeror shall transfer all the Offered Shares to the Company Accepting Offeree(s) within 15 days after the expiration of the fifteen (15) day period that the Major Holders and is admitted Major Investors Groups had to reply, against the Company as a Member payment of the price, or, if the Offer states other times for delivery and/or other payment terms, in accordance with this Agreement. the conditions of the Offer. (d) If the Selling Member does not sell such interest within said 120 daysAcceptances, in the aggregate, are in respect of less than the full number of Offered Shares, then the Selling Member may Accepting Offerees shall not thereafter sell such interest without again offering such interest be entitled to acquire the Offered Shares, and the Offeror, at the expiration of the aforementioned fifteen (15) day period, shall be entitled to transfer all of the Offered Shares to the proposed transferee(s) identified in the Offer, provided, however, that in no event shall the Offeror transfer any of the Offered Shares to any transferee other Members than such Major Holders, members of the Major Investors’ Groups or such proposed transferee(s) or transfer the same on terms more favorable to the buyer(s) than those stated in accordance with the Offer, and provided further that any of the Offered Shares not transferred within ninety (90) days after the expiration of such fifteen (15) day period, shall again be subject to the provisions of this Agreement. Article VII. (Check if Applicable)e) This Article VII shall also apply to the sale of shares by a receiver, liquidator, trustee in bankruptcy, administrator of an estate, executor of a will, etc. (f) For this Article VII each Major Holder’s and Major Investors Group’s “Pro Rata Share” means the portion of shares owned by such Major Holder or Major Investors Group (in the aggregate) of all shares owned by the Offeror and all Major Holders.

Right of First Refusal. If a (a) No Member desires to sell, or his legal representative may transfer or otherwise dispose of all or any part portion of their interest in the Company, such Member (the “Selling Member”) shall his Interest without first offer to sell and convey such interest giving written notice to the other Members before sellingCompany identifying the proposed transferee and the terms of the proposed transaction, transferring or otherwise disposing of such interest including price, if any, and offering his Interest to any other person, corporation or other entitythe Company upon the same terms. Such offer shall be remain irrevocable for thirty (30) days. At any time during this period, the Company may accept the offer by notifying the offeror in writingwriting that the Company intends to purchase all, shall be given to every other Memberbut not less than all, of the Interest so offered on the terms and shall set forth the interest to be sold, for the purchase price specified in the offer. (b) If the Company does not elect to be paidpurchase all of the Interest specified in the notice within thirty (30) days after receipt of the notice pursuant to paragraph (a) above, then the offeror will notify the each of the Members in writing and offer the shares to the Members on the same terms. Each such offer shall remain irrevocable for thirty (30) days. At any time during this period, the date on which offerees may accept the closing is offer by notifying the offeror in writing that the offerees intend to take place (which date shall be purchase all, but not less than thirty nor more than sixty days after the delivery all, of the offer), Interest so offered on the location at which the closing is to take place, and all other material terms and conditions of for the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting purchase price specified in the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any If two (2) or all of the other more remaining Members may elect desire to accept the offer, and if more than one then, in the absence of an agreement among them, each such remaining Member shall purchase the other offered Interest in the proportion that the purchasing Member's percentage ownership Interest bears to the total percentage ownership Interests of all the remaining Members elects who desire to accept the offer, . (c) If neither the interest being sold and remaining Members nor the Company elect to purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept Interest offered within thirty (30) days of the receipt of the notice containing the offer, then the closing of title shall be held in accordance with offeror may transfer the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member offered Interest within 120 sixty (60) days after the delivery expiration of the offer may sell such interest applicable thirty-day period to any other person or entity at a purchase the proposed transferee upon the price which is not less than the purchase price prescribed and terms specified in the offer and upon notice, provided that simultaneous with the terms transfer the transferee agrees to become a party to this Agreement. (d) Any attempted transfer that does not comply with the terms, provisions and conditions which are substantially of this Section 17 and the same as the terms other terms, provisions and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment shall be null and void and of such interest to a person no force or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)effect.

Right of First Refusal. If a Member desires to sell, transfer or otherwise dispose of all or any part of their interest in the Company, such Member (the “Selling Member”) shall first offer to sell and convey such interest to the other Members before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. Such offer shall be in writing, shall be given to every other Member, and shall set forth the interest to be sold, the purchase price to be paid, the date on which the closing is to take place (which date shall be not less than thirty nor more than sixty days after the delivery of the offer), the location at which the closing is to take place, and all other material terms and conditions of the sale, transfer or other disposition. Within fifteen days after the delivery of said offer the other Members shall deliver to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or all of the other Members may elect to accept the offer, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. An assignment of such interest to a person or entity who is not a Member of the Company shall only entitle such person or entity to the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable) □ - MULTI-MEMBER: Admission of New Members The Company may admit new Members (or transferees of any interests of existing Members) into the Company by the unanimous vote or consent of the Members. As a condition to the admission of a new Member, such Member shall execute and acknowledge such instruments, in form and substance satisfactory to the Company, as the Company may deem necessary or desirable to effectuate such admission and to confirm the agreement of such Member to be bound by all of the terms, covenants and conditions of this Agreement, as the same may have been amended. Such new Member shall pay all reasonable expenses in connection with such admission, including without limitation, reasonable attorneys’ fees and the cost of the preparation, filing or publication of any amendment to this Agreement or the Articles of Organization, which the Company may deem necessary or desirable in connection with such admission. No new Member shall be entitled to any retroactive allocation of income, losses, or expense deductions of the Company. The Company may make pro rata allocations of income, losses or expense deductions to a new Member for that portion of the tax year in which the Member was admitted in accordance with Section 706(d) of the Internal Revenue Code and regulations thereunder. In no event shall a new Member be admitted to the Company if such admission would be in violation of applicable Federal or State securities laws or would adversely affect the treatment of the Company as a partnership for income tax purposes. (Check if Applicable) □ - MULTI-MEMBER: Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

Right of First Refusal. (a) If a Member at any time either of the Founders desires to sell, transfer sell or otherwise dispose of transfer all or any part of their interest in his Shares pursuant to a bona fide offer from a third party (the Company"Proposed Transferee"), such Member Founder shall submit a written offer (the “Selling Member”"Offer") shall first offer to sell and convey such interest Shares (the "Offered Shares") to the other Members before sellingLenders or the then holders of the Debentures on terms and conditions including price, transferring or otherwise disposing of not less favorable than those on which such interest Founder proposed to any other person, corporation or other entitysell such Offered Shares to the Proposed Transferee. Such offer The Offer shall be in writing, shall be given submitted to every other Member, the Lenders at least 45 days prior to the proposed transfer and shall set forth disclose the interest identity of the Proposed Transferee, the number of Offered Shares proposed to be sold, the total number of Shares owned by such Founder, the terms and conditions, including price, of the proposed sale, and any other material facts relating to the proposed sale. The Offer shall further state that the Lenders and/or their designees and assigns may purchase all, but not less than all, of the Offered Shares for the price and upon the other terms and conditions, including deferred payment (if applicable), set forth therein and shall also advise the Lenders of their co-sale rights pursuant to Section 9.3 hereof, provided, however, that notwithstanding anything contained herein to the contrary, (i) the Lenders may assign all or a portion of their rights to accept the Offer to their respective affiliates who are not direct customers or competitors of the Company and (ii) any such assignment shall only be paidpermitted with respect to a proposed sale by the Founders where the sale price equals or exceeds $10 million. Each Lender who desires to purchase any of the Offered Shares shall communicate in writing its election to purchase to the applicable Founder, which communication shall state the number of Offered Shares that such Lender desires to purchase, and shall be given within 30 days of the date on which notice of the closing Offer is given. In the event that the Lenders elect to take place purchase an aggregate number of Offered Shares that is greater than the number of Offered Shares, then each Lender will be deemed to have elected to purchase that number of Offered Shares that is equal to the total number of Offered Shares multiplied by a fraction, the numerator of which is the total number of Offered Shares that such Lender elected to purchase and the denominator of which is the total number of Offered Shares that all of the Lenders electing to purchase Offered Shares elected to purchase. (which date b) Any communication of acceptance from the Lenders shall, when taken in conjunction with the Offer and except as provided in Section 9.2(c) hereof, be deemed to constitute a valid, legally binding and enforceable agreement for the sale and purchase of such Offered Shares. Sales of the Offered Shares to be sold to the Lender shall be not less than thirty nor more than sixty made at the offices of the Company within 60 days after the Offer was first made. Such sale shall be effected by the applicable Founder's delivery of a certificate or certificates evidencing the offer)Offered Shares to be sold, the location at which the closing is to take place, and all other material terms and conditions duly endorsed for transfer against payment of the sale, transfer or other disposition. Within fifteen days after purchase price therefor. (c) If the delivery of said offer the other Members shall deliver Lenders collectively do not elect to the Selling Member a written notice either accepting or rejecting the offer. Failure to deliver said notice within said fifteen days conclusively shall be deemed a rejection of the offer. Any or purchase all of the other Members may elect Offered Shares, none of the Offered Shares shall be sold to accept or purchased by the offerLenders, and if more than one of the other Members elects to accept the offer, the interest being sold and the purchase price therefore shall Offered Shares may be allocated among the Members so accepting the offer in proportion to their Members’ Percentage Interests, unless they otherwise agree in writing. If any or all of the other Members elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Member shall deliver to the other Members who have accepted the offer an assignment of the interest being sold by the Selling Member, and said other Members shall pay applicable Founder(s) at any time within the purchase price prescribed in the offer. If no other Member accepts the offer, or if the Members who have accepted such offer default in their obligations to purchase the interest, then the Selling Member within 120 days 90-day period after the delivery expiration of all applicable periods referred to in Section 9.3(b) hereof. Any such sale shall be to the offer may sell such interest to any other person or entity Proposed Transferee(s), at a purchase price which is not less than the purchase price prescribed and upon other terms and conditions, if any, not, more favorable to the Proposed Transferee(s) than those specified in the offer Offer and upon shall be subject to Section 9.3 hereof. Any Offered Shares not sold within such 90-day period shall continue to be subject to the terms and conditions which are substantially the same as the terms and conditions set forth in the offer, provided all other applicable requirements of this Agreement Section 9.2 and Section 9:3 hereof. If Offered Shares are complied with. An assignment of such interest sold pursuant to a this Section 9.2 to any person or entity who is not a Member party to this Agreement, the Offered Shares so sold shall no longer be subject to the restrictions or benefits imposed by this Section 9.2. (d) The Lenders may assign their rights under this Section 9.2 to any transferee of Debentures or securities of the Company shall only entitle such person (or its successors) held by them upon conversion of the Debentures or an affiliate; provided, however, that no assignment may be made to any entity to which is (or which has an affiliate which is) a direct competitor or customer of the allocations and distributions to which the assigned interest is entitled, unless such person or entity applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. If the Selling Member does not sell such interest within said 120 days, then the Selling Member may not thereafter sell such interest without again offering such interest to the other Members in accordance with this Agreement. (Check if Applicable)Company.